TGR - News, Politic, Business, Sport, Entertainment
Home
News
Business
Entertainment
Sports
Election Data Center
The Ghana Report Jobs Fair
-Advertisement-
Business
The National Petroleum Authority (NPA) has revoked the licenses of several Oil Marketing Companies (OMCs) in Ghana over the past two years due to their failure to meet regulatory requirements, according to Abass Ibrahim Tasunti, Director of Regulation and Planning at the NPA. Speaking on Joy News’ PM Express Business Edition on Thursday, October 4, he highlighted that the NPA is continuously working to strengthen these requirements to ensure compliance and maintain the integrity of the industry. “Every company has to meet certain requirements to obtain a license, and these are publicly available on our website. If you meet the requirements, you get the license, just like in any other business,” Abass Tasunti explained. He acknowledged concerns about the rising number of OMCs but noted that the regulatory framework is designed to address these concerns. “Over the past two years, we’ve revoked a number of licenses because some companies were not meeting the necessary standards,” he added. Abass Tasunti stated that the NPA has been updating the regulatory requirements over time to align with global standards and ensure that only qualified companies operate in the industry. “We are always looking at how we can raise the bar to ensure only companies that meet the strict standards are allowed to operate,” he said. While new companies continue to meet the necessary standards and enter the market, Abass Tasunti underscored that the industry itself plays a critical role in identifying and addressing non-compliant companies. He expressed optimism that industry stakeholders, through collaboration with NPA, will continue to strengthen regulatory oversight.
myjoyonline.com
28 mins ago
30
0
0
Business
Several OMCs lose licenses for failing to meet NPA’s stringent requirements – Abass Tasunti
myjoyonline.com
4 hours ago
58
0
0
Business
Ghana’s performance under Fund-supported programme has been satisfactory – IMF
myjoyonline.com
8 hours ago
105
0
0
Browsing Category
Business
AfCFTA can’t succeed without industrialisation – Secretary-General
2 years ago
Bitcoin Falls Below $19,000, Further Shaking Crypto Markets
2 years ago
PPP approach required to tackle cybercrime, money laundering
2 years ago
We’ll Build Responsible Small-Scale Mining Sector – Minister
2 years ago
Bank fraud losses up by 144 per cent
2 years ago
Oil Likely To Hit $200 – SEB Group
2 years ago
Armed robbers steal gold worth $350,000 from mining company
2 years ago
Retooling Komenda Sugar Factory 98% complete
2 years ago
Thursday: Advertised jobs in newspapers today
2 years ago
Buckle Up: How Investors Can Deal With Crypto Turbulence
2 years ago
Previous
1
…
1,039
1,040
1,041
1,042
1,043
…
1,519
Next
Home
News
Business
Entertainment
Sports
Election Data Center
The Ghana Report Jobs Fair